Universal Logistics (NASDAQ:ULH) Announces Earnings Results

Universal Logistics (NASDAQ:ULH) posted its quarterly earnings results on Thursday. The transportation company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.37, FiscalAI reports. Universal Logistics had a positive return on equity of 1.99% and a negative net margin of 3.16%. The business had revenue of $394.05 million for the quarter, compared to analysts’ expectations of $390.00 million.

Universal Logistics Price Performance

Shares of NASDAQ ULH opened at $17.42 on Friday. Universal Logistics has a 52 week low of $11.73 and a 52 week high of $25.80. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.06. The firm has a market cap of $459.33 million, a P/E ratio of -9.47 and a beta of 0.74. The business’s 50 day moving average price is $17.72 and its 200 day moving average price is $17.35.

Universal Logistics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.1050 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.42 dividend on an annualized basis and a yield of 2.4%. Universal Logistics’s payout ratio is currently -22.83%.

Wall Street Analyst Weigh In

ULH has been the subject of several research reports. Stifel Nicolaus dropped their price objective on shares of Universal Logistics from $17.00 to $15.00 and set a “hold” rating for the company in a report on Wednesday, July 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Universal Logistics in a report on Monday, September 21st. Wall Street Zen upgraded shares of Universal Logistics from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Zacks Research raised Universal Logistics from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $15.00.

About Universal Logistics

Universal Logistics Holdings, Inc provides transportation and logistics services throughout the United States, Canada and Mexico. The company serves automotive, industrial, retail and other commercial customers with customized supply-chain solutions designed to move freight and support manufacturing and distribution operations.

Its services include contract logistics, dedicated transportation, truckload and intermodal transportation, freight brokerage, drayage, and value-added services.